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Survival and Preparations Long and short term survival and 'prepping'. |
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#5961
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Thanks
Appreciate it Striker, I really enjoyed speaking with Randy at the Signal Hill Loc. He gave me a no-bs response and was super patient in explaining things to me. Made me want to come back to be a customer. It's always sketchy buying from a place that's almost a grand cheaper than the rest like you said. Glad to know they are good to go
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#5963
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Liberty Coin still has a few of them at under $30 per coin.
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#5964
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Gold down 1864 this morning.
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#5966
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And to who would you sell an ounce of gold to nowadays without taking a haircut?
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#5968
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Paper currency is just that, paper. Consider the Weimar Republic where you needed a wheelbarrow full of paper notes to buy a loaf of bread. And nobody bothered to try to steal that wheelbarrow full of paper money. In Zimbabwe they printed $100 trillion (Yep, that?s trillion with a T) dollar notes. I challenge you to find a Zimbabwean who would trade his 1 oz gold coin for a wheelbarrow full of $100 trillion Z dollar notes. The inflation we have today is a direct result of printing money. It?s just paper.
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NRA Benefactor Member |
#5969
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Screenshot_20231104-003030.jpg Sent from my moto g 5G - 2023 using Tapatalk |
#5970
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Gold/silver is great to have, especially if you have it physically, but you have to have nerves that are very strong. It's a commodity and as such, is subject to fluctuations. One day you're way up, one day you're way down. Let's not forget the premium over spot that is an automatic loss to start, so the market has to move pretty far to recover it. That said, it is a necessity in every portfolio to preserve some of the wealth against the failing fiat value.
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--Magazines for Sig Sauer P6 --Walther P-38. Prefer Pre 1945 --Luger P08 |
#5971
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Unproductive asset, if not a white elephant if the economy ever really did collapse, banks close, firesale express comes to town, the works.
Can't eat it, can't milk it, can't burn it, can't use it for fuel, can't sing, can't dance, can't generate value on its own; nobody will be scrambling for it, nobody will care. Even now, you couldn't walk into a grocery store, flip 'em a Krugerrand and say 'keep the change' to pay for your groceries. When things go sour, water, food, guns, ammo, transport, and medication/medical supplies will be more valuable than any amount of gold. As an investment vehicle, it's crap. As a physical storage of wealth, it's a dog; doesn't gain much in value any better than the rate of inflation, which is certainly better than cash which doesn't - but even then, you must contend with finding a willing barterer or buyer if you ever want to divest yourself of it for its value, and the reality is that you'll have a tough time unloading it because nobody with a sense of cents in their head is going to want to saddle themselves with a pig. You would have an easier time unloading a vintage Rolex, and it has a better gain in value over time than gold. Even guns - in 1873 both a Colt Single Action Army and an ounce of gold were equally around $25.00. What's gold spot price at today? What's even a 50% finish remaining matching numbers Colt Single Action Army worth today? (And the latter is easier to find a buyer - and even more so if all hell broke loose.) At least the Colt has a useable purpose if the chips were down, AND it's a better storage and protection of wealth than gold. Nevertheless, I would prefer the dollar had never strayed from being on a gold standard - should have followed the yellow brick road back - biggest mistake our country ever made. It's the very reason we are currently in the mess we are in with inflation always a wrestling match. Ironically, had we never left the gold standard, having a few gold coins in your pocket and the ability to pay for groceries in gold would never have NOT been a thing. Nor would we have this game of Jerome Powell having to diddle rates to keep inflation at bay, and 'free money' printed on a whim, handed out by Biden like trinkets, which causes it - and would not have been such an ugly 7-headed Hydra over the past 90 years. But that's an entirely different topic in the scheme of things. ---
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Last edited by The Gleam; 11-04-2023 at 8:08 PM.. |
#5972
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Agreed. In an all-goes-to-hell situation, I would prefer a case of Everclear, a stack of ammo, and a solar generator... among other things.
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#5973
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Prices today, gold @ 2K, silver @ $20. Buy more silver? |
#5974
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On April 14, 2014 I posted:
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As an earlier post pointed out, this post is over 10 years old and coming up on 11. Gold has risen 37% since the original post while silver has dropped 10%. I wonder if some of the vocal predictors of the market ever go back and see how well their predictions performed.
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All things being equal... |
#5975
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Been seeing lots of "news" touting silver demand for manufacturing and rumors of a big drop in silver short selling which indicates expectations of a sizable positive move in silver. I've got a bunch of CDs maturing in a couple weeks and thinking of moving into silver.
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#5976
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#5978
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remember that adage
How many times have we noted; you can't eat Gold; well you can't eat stocks either.
Stocks should easily be 95% of your investment portfolio for retirement and savings yes - I get it - this is about the other 5%. Stocks have their place and there are many threads about them; this is about gold and silver and they have value too. The value of gold and silver can be just collectible, can be "crisis" savings, or for SHTF perceptions. Lots of things that Stocks are Not. Quote:
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1. Compared to what? 2. At what cost? 3. What hard evidence do you have? T.S. debunking the Left in 3 simple questions. |
#5979
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